Parks Inn Harpur Hill

2 Burlow Road, Buxton, Buxton SK17 9JD

  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill

Parks Inn Harpur Hill

Attractive Village Inn

Surrounded by the stunning Peak District on all sides of the village, the Parks Inn pub enjoys a semi-rural setting. Occupying a prominent site into the town of Buxton, across from the local church and playground, guests are attracted to this handsome village inn from the surrounding homes, villagers on their way into town or when passing on the cross roads. A cycle path has also recently been completed to the rear of the pub which will increase passing trade.

The current offer of this family run pub focuses primarily on drinks including cask ales. As a result, there is room to grow your revenue and drinks offer by premiumising the range and introducing some cask ales, which Star Pubs & Bars can assist with. The pub regularly holds pool tournaments and hosts live music. Any future offer should satisfy the needs of the neighbourhood by supporting community events and establishing a steady rhythm of reasons to visit.

Innovative Operator Wanted

Are you a passionate and innovative operator? To transform the pub, you must offer quality drinks, optimum customer service and high standards. Due to the location, you will need to demonstrate your marketing skills and ability to attract tourists to this destination site, along with other business management skills such as people management, financial management and customer service.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub is divided into two separate trading areas, with a traditional bar on one side and dedicated games room on the other housing a pool table.

The Parks Inn has an extensive amount of external areas including picnic benches to the front allowing for drinks in the summer, a beer garden to the rear boasts beautiful views of the rolling hills. There is also a large car park to accommodate guests of this destination site.

Private Accommodation

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:00

Financials

Annual Rent £
12,500
Estimated Annual FMOP (Licensee Profit) £
15,342
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
162,219
Estimated Annual Barrelage
130

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
192
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
20,377
Estimated Minimum Ingoing Costs £
11,018

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased